A trader works as the Dow Jones Industrial Average exceeds $50,000 on the floor of the New York Stock Exchange (NYSE) on February 6, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
U.S. stock futures rose slightly on Sunday after a volatile week as investors awaited key economic data and new earnings reports. Dow Jones Industrial Average An important milestone has been reached.
S&P500 futures Although it rose by 0.2%, Nasdaq 100 futures It increased by 0.3%. Futures linked to the Dow Jones Industrial Average Added 87 points (0.2%).
The move comes after major averages rebounded on Friday after suffering steep losses earlier in the week. The selloff was caused by a sell-off in the tech sector, led by software stocks. Bitcoin It plummeted before recovering partially as investors took a risk-off stance.
Last session, the Dow Jones Industrial Average soared 1,200 points, or about 2.5%, to close above $50,000 for the first time after reaching that level for the first time in intraday trading. of S&P500 Approximately 2% increase, Nasdaq Composite It ended more than 2% higher.
Bitcoin topped $70,000 on Friday after falling below $61,000 on Thursday night, while software stocks and more sales force Finished higher. Overall, iShares Enhanced Technology Software Sector ETF (IGV) rose 3.5%, marking the fund’s first gain since late last month, when it entered bear market territory.
“After an eight-day losing streak, buyers finally returned to the software space on Friday, supporting a much-needed relief rally as the tech sector approaches key support near the November lows,” said Adam Turnquist, chief technical strategist at LPL Financial. “While this marked a step in the right direction, the broader tech complex will remain range bound until it can decisively move above the December high.”
“New participation from technology companies will probably be essential for the broader market to make sustainable progress,” he said, adding that without increased participation from technology companies, especially software companies, it will be somewhat difficult for the S&P 500 to reach 7,000.
Investors will be watching Wednesday for the delayed January jobs report released by the Bureau of Labor Statistics. The launch was originally scheduled for last Friday, but was postponed due to the partial government shutdown. This comes after ADP reported last week that private payrolls grew by just 22,000 jobs in January, much lower than expected. A Dow Jones survey of economists predicts that the closely-watched January employment report will see an increase of 55,000 jobs.
The consumer price index for January is scheduled to be released on Friday, but it was also delayed due to the government shutdown.
If this week’s earnings reports are positive, the recent market rotation away from tech stocks could continue this week. coca cola and ford motor Both men are scheduled to report on Tuesday.
